Nvidia Receives a Hold from BMO CapitalBy Jason Carr
According to TipRanks.com, Srivastava is a 4-star analyst with an average return of 9.3% and a 70.6% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Applied Micro Circ., and Samsung Electronics.
Currently, the analyst consensus on Nvidia is Moderate Buy and the average price target is $76.32, representing a -4.0% downside.
In a report released today, Barclays also upgraded the stock to Hold with a $72 price target.
The company has a one year high of $84.85 and a one year low of $24.75. Currently, Nvidia has an average volume of 9.65M.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. Last month, Tench Coxe, a Director at NVDA sold 49,348 shares for a total of $3,284,603.
NVIDIA Corp. is a visual computing company, connecting people through computer graphics. It is engaged in creating graphics chips, which is used in personal computers. The company operates through two segments: Graphics Processing Unit and Tegra Processor. The Graphics Processing Unit segment includes sales of the company’s GeForce discrete and chipset products that supports desktop and notebook PCs plus license fees from Intel and sales of memory products. The Tegra Processors segment provides processors that deliver superior visual and multimedia experience on tablets, smart phones and gaming devices while consuming minimal power. NVIDIA was founded by Jen-Hsun Huang, Chris A. Malachowsky and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.